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What is the difference between marginal, evaluative, and active listening?
Direct Material
Raw materials that are directly traceable to the manufacturing of a product and are an integral part of the finished product.
Direct Labor
Labor costs directly traceable to the production of specific goods or services, such as wages for assembly line workers.
Overhead
Expenses that are not directly associated with the production of goods or services but are required for the company's operations, such as rent, utilities, and administrative salaries.
Book Value
The net value of a company's assets found on the balance sheet, calculated by subtracting liabilities from the total value of assets.
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